Housing costs in Pennington?
A typical home costs
$575,600, which is 70.2% more expensive than the national average of
$338,100 and 33.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Pennington costs
$2,180 per month, which is 52.4% more than the national average of
$1,430 and 21.6% more than the state average of
$1,710.
Can I afford Pennington?
To live comfortably in Pennington, New Jersey, a minimum annual income of
$110,160 for a family, and
$66,400 for a single person is recommended.
What does A.I. say about Pennington?
The cost of living in Pennington, NJ is quite high. Housing costs are especially high, with the median home price being around $580,000. This can be very expensive for those looking to buy a home here. In addition, transportation and utilities are also more expensive than average when compared to other parts of the state. Despite this, the quality of life that Pennington provides makes it well worth it for many people who live there.